Eve Air Mobility is a Brazilian subsidiary of Embraer which produces electric vertical take-off and landing aircraft and urban air mobility infrastructure. The company was founded on 15 October 2020. EVE is a brand that was idealized by the innovation division of Embraer called EmbraerX. Embraer's objective with this new company is to accelerate the creation of solutions to make the Urban Air Mobility market a reality. The main project of the company is the eVTOL EVE, that concept was presented to the public on 8 May 2018, before the creation of the company. The first simulator flight of EVE was conducted by Embraer in the city of Rio de Janeiro in September 2021, with the purpose to test the future route for eVTOLs. In the first months of 2022, the company was listed on NYSE priced at US$2.9 billion under the code EVEX in partnership with the American fund Zanite Acquisition Corp. On 12 December 2021, Embraer and BAE Systems announced plans to embark on a joint study to explore the development of Eve's vehicle for the defence and security market. Wikipedia